Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

AlKhair Capital manages Dar Al-Arkan sukuk's last listings  Join our daily free Newsletter

MENAFN - Arab News - 08/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) AlKhair Capital Dubai has claimed success in managing the last listing of sukuk by Saudi property developer Dar Al-Arkan Real Estate & Development Company.

AlKhair Capital Dubai was the financial adviser for the sukuk listings program on Nasdaq Dubai with a total value of 1.15 billion.

The sukuk program in dollars included a 400 million listing the third tranche which was issued last month and orders opened on May 20 2014. The earlier listings included 300 million sukuk issued in November 2013 and a 450 million sukuk issued in May 2013.

The third tranche was issued for five years and will mature on May 28 2019 at a coupon rate of 6.50 percent.

'We are excited about the overwhelming response to the sukuk listings for Dar Al-Arkan from regional and international investors. The company's fundamentals are strong and the market has responded positively to the sukuk offering. This is yet another testimony to the strengths of our business at AlKhair Capital and our relentless pursuit to exceed the expectations of our partners and clients" said Khalid Al-Mulhim CEO of AlKhair Capital.

He added: 'The burgeoning demand for sukuk instruments especially in Dubai is an encouraging sign of the market demand and irrespective potential. We are confident that AlKhair Capital will be able to add value to the industry as a whole with our expertise and specific know-how in this field."

AlKhair Capital announced the opening of its branch at the Dubai International Financial Centre (DIFC) in April this year following the official approval and license from the Dubai Financial Services Authority (DFSA).

The company thus became the first Saudi investment company registered and licensed by the Capital Market Authority in Saudi Arabia to receive a DFSA license to operate in DIFC.


 


Arab News




  MENA News Headlines
 Feb 28 2015 - Qatar- Jewellery, watches expo ends todayThe Peninsula
(MENAFN - The Peninsula) The 12th Doha Jewellery and Watches Exhibition has attracted some of the world's iconic brands in the high-end jewellery and watch manufacturing industry.Hosted by Qatar ...

 Feb 28 2015 - Halal Qatar festival begins todayThe Peninsula
(MENAFN - The Peninsula) The fourth annual Halal Qatar festival which opens today at the southern part of Katara, will see 450 contestants from the GCC taking part in four categories.The festival ...

 Feb 28 2015 - Qatar- 3.2 million-year-old human fossil on display at KataraThe Peninsula
(MENAFN - The Peninsula) The 3.2 million-year-old human fossil nicknamed Lucy is at Katara as the highlight of an exhibition, Ethiopian Cultural Day, a first-of-its-kind event organised by the ...

 Feb 27 2015 - UAE's Etisalat posts USD13.28b revenue in 2014MENAFN
(MENAFN) UAE's Etisalat , or Emirates Telecommunications Corporation, posted USD2.42 billion net profit on revenues of USD13.28 billion in 2014, Gulf News reported.The telecommunications company said ...

 Feb 27 2015 - Oman's economic growth projected at USD75b in 2015MENAFN
(MENAFN) Oman's real gross domestic product (GDP) growth is projected at about 3.2 percent and 3.4 percent in 2015 and 2016, respectively, by global rating agency Standard & Poor's, Times of Oman ...

 Feb 27 2015 - UAE's Meraas gets USD588.8m contracts for advanced Dubai property projectsMENAFN
(MENAFN) UAE's Meraas was awarded USD588.8 million worth of contracts to Al Futtaim Carillion to build its ambitious Le Mer and Dubai Creek Waterfront schemes, The National reported.The project is ...

 Feb 27 2015 - Lebanon-born Syrian refugees risk stateless legal limboAFP
(MENAFN - AFP) Syrian refugee Yasmine Khalaf lies next to her day-old daughter Israa in a Lebanese hospital, worrying that her tiny newborn risks life without a legal identity. Israa, sleeping ...

 Feb 26 2015 - Jordan- King departs for CairoJordan News Agency
(MENAFN - Jordan News Agency) Amman Feb. 26 (Petra)- His Majesty King Abdullah II on Thursday left for Cairo on a visit to Egypt during which he will hold talks with Egyptian President Abdul Fattah ...

 Feb 26 2015 - Jordan- 688 dead 14000 injured in traffic accidents in 2014Jordan News Agency
(MENAFN - Jordan News Agency) Amman Feb. 26 (Petra)Statistics issued by the Central Traffic Department (CTD) Thursday showed that the number of traffic accidents and deaths had declined in 2014 ...

 Feb 26 2015 - Jordan- Conference on women in Sharia concludes meetingsJordan News Agency
(MENAFN - Jordan News Agency) Amman Feb.26 (Petra) - The closing session of Women in Sharia" conference which concluded meetings Wednesday evening discussed challenges faced by workers in the defense ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help